Dislikedfew things if traders would like to wat ch out on the upside
(full analysis ive shared on the journal: http://www.forexfactory.com/showthre...t=49770&page=4
Now lets see what upsides we got on g/j chart daily;
We have a confluence of 100sma and Monthly Resistence 2 at around 239.58 ish as the nxt tgt for longs if it continues AND if u llok at weekly candle that BIG BEAR candle 8weeks ago has a high of 239.69—another factor to this confluence
We have the possibility of daily more ideal bearish butterfly pattern to extend to 240.50ish (see daily harmonic chrt)
We have the previous shoulder of the possible H/S pattern on daily at 241.50ish ( see it for yourselves on the daily chart)
And then finally far away in the distant heaven we have 0.786% Daily fib at 244.25
And thing to analyse after that will be done if we get there--lol
Now chk the 4hr chart pic—ive drawn the FIBS from the support area where ive started that lower TL from (red line)—we can see then that the 61.8% fib is now in confluence with MR2 and also if u shift in daily TF then with 100sma too----so there is a very high possibility that this could go up to there b4 reversing. It would also coincide nearer the ideal bearish butterfly pattern on daily (chk the red box around D)Ignored
just a reminder of what was posted b4
this area is where ive exited my longs
ill wait and see hwat happens now
needs to crack it decisevely to go to nxt level